Concepts and terms

The Andorran franc (ADF) was the national currency of Andorra. It was replaced by the euro (EUR) in 1999.‎

AED (United Arab Emirates dirham)‎

The United Arab Emirates dirham (AED) is the national currency of the United Arab Emirates since 1973. In 1987, it was pegged to the US dollar.‎

AFA (Afghanistan afghani)‎

The Afghanistan afghani (AFA) is the national currency of Afghanistan.‎

After-hours trading – AHT‎

After-hours trading is stock trading that occurs after the traditional trading hours of the major exchanges. Its liquidity is significantly lower, and hence the risk is higher than in the regular trading sessions.‎

ALL (Albanian lek)‎

The Albanian lek (ALL) is the national currency of Albania.‎

American Stock Exchange (AMEX)‎

One of the largest stock exchanges, located in New York. ‎

ANG (Netherlands Antilles guilder)‎

The Netherlands Antilles guilder (ANG) is the national currency of the Netherlands Antilles.‎

AOA (Angolan Kwanza)‎

The Angolan Kwanza (AOA) is the national currency of Angola.‎

Appreciation‎

The appreciation of a trading instrument refers to an increase of its value over time.‎

Arbitrage‎

The simultaneous purchase and sale of a trading instrument in order to profit from the price difference. Usually this happens on different markets.‎

ARS (Argentinian nuevo peso)‎

The Argentinian nuevo peso (ARD) is the national currency of Argentina.‎

Ask‎

The price a broker is willing to accept for a trading instrument. Synonyms: offer, ask price, and ask rate.‎

Ask size‎

The number of stocks that the broker is willing to sell at the ask price. ‎

Asset‎

A financial asset or something that has a commercial or exchange value. ‎

At-best order‎

An order to make a transaction at the best price available at a given moment. It is often used to minimize losses.‎

At-the-close order‎

An order specifying that a trade is to be executed at market close or at the last possible price before the market closes. ‎

At-the-market order‎

An order to buy or sell a futures contract at the best possible price upon market entry. ‎

At-the-opening order‎

An order to buy or sell at the very beginning of the trading day. If the order cannot be executed at market opening, it will be cancelled.‎

AUD (Australian dollar)‎

The Australian dollar (AUD) is the national currency of Australia. It is subdivided into 100 cents.‎

Aussie‎

This a slang term used for the Australian dollar. It is introduced to distinguish it from all the other dollars.‎

Authorized FOREX dealer‎

A financial institution that has received authorization from a relevant regulatory body to act as a dealer in foreign currency trading. ‎

AWG (Aruban florin)‎

The Aruban florin (AWG) is the national currency of Aruba. It is pegged to the US dollar.‎

Bank of Canada‎

The Bank of Canada was founded in 1935 and is the main factor that influences the country's economy and money supply.‎

Bank of England‎

The Bank of England is the central bank of the United Kingdom. It is the UK equivalent of the Federal Reserve in the United States. It is a curious fact that BoE has been setting interest rates since 1997. ‎

Bank of Japan‎

The Bank of Japan is the Japanese central bank responsible for the issuance of the local currency (Japanese yen). The bank sets the monetary policy and maintains the stability of the Japanese financial system.‎

Bar‎

A graphical representation of a financial instrument's movement over a period of time, which includes the opening, high, low, and closing prices.‎

Bar chart‎

A type of chart in which the top of the vertical line indicates the highest price, and the bottom – the lowest price over a given period. The closing price is displayed on the right side of the bar, and the opening price – on the left side of the bar.‎

Base currency‎

The first currency quoted in a currency pair. For example, in EUR/USD, the euro is the base currency.‎

BBD (Barbados dollar)‎

The Barbados dollar (BBD) is the national currency of Barbados. It has been pegged to the US dollar since 1975.‎

BDT (Bangladeshi taka)‎

The Bangladeshi taka (BDT) is the national currency of Bangladesh.‎

Bear‎

A slang used for an investor who believes that a financial instrument’s price will decrease. ‎

Bear market‎

A period in which the prices of financial instruments are decreasing.‎

BEF (Belgian franc)‎

The Belgian franc (BEF) was the national currency of Belgium. It was replaced by the euro (EUR) in 1999.‎

BGN (Bulgarian lev)‎

The Bulgarian lev (BGN) is the national currency of Bulgaria. It has been pegged to the euro since 1999 at the rate of EUR 1 = BGN 1.95583.‎

BHD (Bahraini dinar)‎

The Bahraini dinar (BHD) is the national currency of Bahrain. It is pegged to the US dollar.‎

Bid‎

The price at which a broker buys a financial instrument. ‎

BIF (Burundi franc)‎

The Burundi franc (BIF) is the national currency of Burundi.‎

BMD (Bermudian dollar)‎

The Bermudian dollar (BMD) is the national currency of the Islands of Bermuda, also referred to as the Bermudas. It is pegged to the US dollar at parity.‎

BND (Brunei dollar)‎

The Brunei dollar (BND) is the national currency of Brunei.‎

BOB (Bolivian boliviano)‎

The Bolivian boliviano (BOB) is the national currency of Bolivia.‎

Breakdown‎

A price movement through a level of support, usually followed by a sharp decline. ‎

Breakout‎

A price movement through a specified level of resistance, usually followed by a steep rise. ‎

BRL (Brazilian real)‎

The Brazilian real (BRL) is the national currency of Brazil.‎

Broker‎

A company or individual acting as an intermediary between the seller and buyer in return for a commission. In most cases, a license is required.‎

BSD (Bahamian dollar)‎

The Bahamian dollar (BSD) is the national currency of the Commonwealth of the Bahamas, also referred to as the Bahamas. It is pegged to the US dollar at parity.‎

BTN (Bhutanese ngultrum)‎

The Bhutanese ngultrum (BTN) is the national currency of Bhutan.‎

Bull market‎

A slang used for a market condition in which for a certain period of time the prices of financial instruments are rising.‎

BYR (Belarusian ruble)‎

The Belarusian ruble (BYR) is the national currency of Belarus.‎

BZD (Belize dollar)‎

The Belize dollar (BZD) is the national currency of Belize.‎

Cable‎

A slang used for the GBP/USD couple.‎

CAD (Canadian dollar)‎

The Canadian dollar (CAD) is the national currency of Canada. It was introduced in 1858.‎

Call option‎

An agreement that gives an investor the right (but not the obligation) to buy a financial instrument from the option issuer at a specified price within a specific time period.‎

Cancel order‎

An order to cancel the previously made, but still unfulfilled one.‎

Candlestick‎

A graphic image that displays the movement of a financial instrument over a period of time, including opening, closing, highest, and lowest price. The ‘body’ of the candlestick is formed by the opening and closing price, and its colour depends on whether the closing price was higher or lower than the opening price. Also known as ‘Japanese candlestick’.‎

Central bank‎

The bank governed by a country’s government, which regulates the financial institutions on its territory and monitors its monetary policy.‎

CFD (Contract for difference)‎

"Contract for Difference" is a transaction with a security which expresses the right to receive or the obligation to pay the difference between the market value of the number of securities specified in the order and the price set in the contract. While trading certain stocks, the customer actually trades the CFD on that stock. CFD trading allows you to open the so-called ‘short positions’.‎

Chart‎

The graph shows the movement of a financial instrument based on price and time period.‎

CHF (Swiss franc)‎

The Swiss franc (CHF) is the national currency of Switzerland.‎

Choppy market‎

A market state where the prices of a financial instrument swing up and down within a short range. ‎

Closing price‎

The final price at which a financial instrument is traded on a given trading day.‎

CLP (Chilean peso)‎

The Chilean peso (CLP) is the national currency of Chile.‎

CME (Chicago Mercantile Exchange)‎

An American exchange based in Chicago, which trades currency futures, currencies, commodities, stocks, etc.‎

CNY (Chinese yuan renminbi)‎

The Chinese yuan renminbi (CHY) is the national currency of China.‎

Collateral‎

A percentage of the market value of equities you trade which can be used as financial resources for opening positions with CFDs.‎

Commission‎

The fee paid to a broker to execute a trade on the client’s behalf.‎

Commodity‎

Commodities include food, cereals and metals that investors buy or sell, usually via futures contracts. ‎

Consolidation‎

A term used in technical analysis to designate the movement of the financial instrument within a tight range.‎

COP (Columbian peso)‎

The Columbian peso (COP) is the national currency of Columbia.‎

CRC (Costa Rican colon)‎

The Costa Rican colon (CRC) is the national currency of Costa Rica.‎

Cross rate‎

The currency exchange rate between two currencies, both of which are not the official currencies of the country in which the exchange rate quote is provided. The term is also sometimes used to refer to currency pairs which do not include the US dollar, regardless of the country.‎

CUP (Cuban peso)‎

The Cuban peso (CUP) is the national currency of Cuba.‎

Currency forward‎

A non-standardized contract in the FOREX market that specifies the price at which an entity can buy or sell currency on a future date. This contract cannot be transferred.‎

Currency future‎

A standardized contract that specifies the price at which a currency can be bought or sold at a future date.‎

Currency option‎

A contract that grants the holder the right, but not the obligation, to buy or sell a certain currency at a specified exchange rate during a specified period of time.‎

Currency pair‎

The ratio between two currencies. The first currency in the pair is called the "base currency", and the second one is called the "quote currency". The ratio shows how much of the quote currency is needed to purchase a unit of the base currency.‎

CYP (Cyprus pound)‎

The Cypriot pound (CYP) was the national currency of Cyprus. It was replaced by the euro (EUR) in 2008.‎

CZK (Czech koruna)‎

The Czech koruna (CZK) is the national currency of the Czech Republic.‎

Daily chart‎

A graphic representation of the intraday movement of a certain financial instrument, where one tick equals an one-day period. This graph is used in long-term market projections.‎

Day order‎

An order to buy or sell a financial instrument that automatically expires if not executed on the day the order was placed.‎

Dealer‎

A company or individual who buys or sells financial instruments on their own behalf.‎

Deflation‎

A general decline in prices, often caused by a drop in the money supply, reduced government spending and investments.‎

Depreciation‎

A decrease in the value of a certain financial instrument.‎

Dividend‎

The amount that a company’s shareholders receive upon profit distribution. ‎

DKK (Danish krone)‎

The Danish krone (DKK) is the national currency of Denmark.‎

DOP (Dominican peso)‎

The Dominican peso (DOP) is the national currency of the Dominican Republic.‎

Dovish‎

A slang term for a monetary policy maintaining low interest rates. ‎

ECB (European Central Bank)‎

The European Central Bank (ECB) is responsible for the monetary policy in the European Union and for the single European currency – the euro. It was established in Germany in June 1998 and works with all national banks in the EU member states. Its headquarters is located in the German city of Frankfurt. ‎

Economic indicator‎

Economic indicators are those indicators that impact the economy of a given country and the value of its base currency, like for instance unemployment rate, GDP, commercial balance, etc. ‎

EEK (Estonian kroon)‎

The Estonian kroon (EEK) is the national currency of Estonia. It was replaced by the euro (EUR) in 2011. ‎

EGP (Egyptian pound)‎

The Egyptian pound (EGP) is the national currency of Egypt.‎

EIA (Energy Information Administration)‎

The information agency on energy reserves in the USA – it publishes the daily reserves of petroleum and natural gas. ‎

ETB (Ethiopian birr)‎

The Ethiopian birr (ETB) is the national currency of Ethiopia.‎

ETF (Exchange-traded Fund)‎

An ETF (Exchange-traded Fund) is a marketable security that tracks a basket of assets. It is a type of fund which owns and divides ownership of those assets into shares. Compared to investments in traditional mutual funds, ETFs have several prominent advantages: flexibility, low maintenance costs, and operational transparency.‎

EUR (Euro)‎

The national currency of the eurozone member states. It was officially adopted in 1999, and went into circulation in 2002. ‎

Eurozone‎

The eurozone includes those member states of the European Union which have adopted the euro as their national currency. ‎

Exchange rate‎

The value at which one currency can be exchanged for another. ‎

Execution‎

The completion of an order or a deal. ‎

Exotic currencies‎

A term to denote rarely traded currencies, which are less liquid and trade at low volumes, as the bid-ask spread is usually large. ‎

Expiration time‎

The exact time when an options contract expires. ‎

FATCA‎

The Foreign Account Tax Compliance Act (FATCA) is a United States federal law that requires United States nationals, including individuals who live outside the United States, to report their financial accounts held outside of the United States, and foreign financial institutions (FFIs) to report information about financial accounts held by US taxpayers.‎

FED (Federal Reserve)‎

The central bank of the United States. Its Board of Governors has seven members who determine the country’s monetary policy. ‎

Finmins‎

Nickname given to the finance ministers of a group of countries who meet to discuss financial issues. ‎

Fixed exchange rate‎

The fixed exchange rate or currency board denotes a situation in which the currency of one country is pegged to the currency of another at a rate set by the central bank or the government. ‎

FJD (Fijian dollar)‎

The Fijian dollar (FJD) is the national currency of Fiji.‎

Flip‎

The point at which traders’ positions shift from long to short or vice versa. ‎

Floating exchange rate‎

A country’s exchange rate regime where the currency is not fixed to another and its value is determined by trading on the FOREX market. ‎

FOK (Fill-or-kill) order‎

A type of order that suggests either the immediate execution or the cancellation of a transaction. ‎

FOMC (Federal Open Market Committee)‎

The branch of the US Federal Reserve which determines the country’s base interest rate. ‎

Foreign Exchange Market‎

The market in which participants are able to buy, sell, exchange, and speculate on currencies. It is made up of central banks, banks, commercial companies, investment companies, mutual funds, brokers, and investors. It is considered to be the largest financial market in the world. ‎

FOREX (FX)‎

The abbreviation of the Foreign Exchange Market. ‎

FOREX market hours‎

The hours during which FOREX market participants are able to buy, sell, exchange, or speculate on currencies. The FOREX market is open 24 hours a day, five days a week. ‎

FOREX scalping‎

A strategy used by the FOREX traders to buy or sell a currency pair for a very limited time to make profit. ‎

Forward‎

A forward contract on the financial market that indicates the specific price at which a financial instrument will be purchased or sold on a future date. This contract is non-transferable.‎

Futures contract‎

A standardized contract for the delivery of goods, shares, currency, or indexes at a fixed price and time in the future.‎

A gap in a chart is essentially an empty space between one trading period and the previous trading period.‎

GBP (British pound)‎

The British pound (GBP) is the national currency of United Kingdom.‎

GEL (Georgian lari)‎

The Georgian lari (GEL) is the national currency of Georgia.‎

GFD (Good for the day) order‎

A pending order to buy or sell a financial instrument that will expire automatically at the end of the trading day on which it is entered.‎

GHC (Ghanaian cedi)‎

The Ghanaian cedi (GHC) is the national currency of Ghana.‎

GIB (Gibraltar pound)‎

The Gibraltar pound (GIB) is the national currency of Gibraltar.‎

GNF (Guinean franc)‎

The Guinean franc (GNF) is the national currency of Guinea.‎

GRD (Greek drachma)‎

The Greek drachma (GRD) was the national currency of Greece. It was replaced by the euro (EUR) in 1999.‎

Greenback‎

A slang term used for the US dollar because of the banknotes’ green color.‎

GTC (Good-till-cancelled) order‎

A pending order to buy or sell a financial instrument, which is valid until fulfilled or cancelled. ‎

GTQ (Guatemalan quetzal)‎

The Guatemalan quetzal (GTQ) is the national currency of Guatemala.‎

Hawkish‎

A term denoting a monetary policy which maintains high interest levels, tight monetary control, and a restrictive credit policy. ‎

HKD (Hong Kong dollar)‎

The Hong Kong dollar (HKD) is the national currency of Hong Kong. It is pegged to the US dollar, but may partially change. ‎

HTG (Haitian gourde)‎

The Haitian gourde (HTG) is the national currency of Haiti.‎

HUF (Hungarian forint)‎

The Hungarian forint (HUF) is the national currency of Hungary.‎

ILS (Israeli new shekel)‎

The Israeli new shekel (ILS) is the national currency of Israel.‎

IMF (International Monetary Fund)‎

The International Monetary Fund is responsible for ensuring global monetary stability and a balanced growth of international trade. ‎

Initial margin‎

The percentage of the value of the financial instrument that the investor or trader should pay upon making the deal. ‎

INR (Indian rupee)‎

The Indian rupee (INR) is the national currency of India.‎

Interbank market‎

The market including the financial system and currency trading between banks and financial institutions, excluding smaller parties. ‎

Interest rate‎

A country’s base interest rate, which is determined by the respective central bank. ‎

Intraday‎

Refers to something that happens within a day or over 24 hours. In trading terms, it means analysing graphs covering a period shorter than a day. ‎

Intraday trading‎

Doing the buy and sell or sell and buy transaction within the same day before the market closes. Intraday trading is also referred to as 'day trading' by many traders.‎

IPO (Initial public offering)‎

The initial offering of stocks by a company. ‎

IQD (Iraqi dinar)‎

The Iraqi dinar (IQD) is the national currency of Iraq.‎

IRR (Iranian rial)‎

The Iranian rial (IRR) is the national currency of Iran.‎

ISK (Icelandic krona)‎

The Icelandic krona (ISK) is the national currency of Iceland.‎

ISO currency code‎

International standardized three-letter acronym for each country’s currency.‎

Janet Yellen‎

The Chair of the Board of Governors of the US Federal Reserve. Yellen succeeded Ben Bernarke in February 2014.‎

JMD (Jamaican dollar)‎

The Jamaican dollar (JMD) is the national currency of Jamaica.‎

JOD (Jordanian dinar)‎

The Jordanian dinar (JOD) is the national currency of Jordan.‎

Joint venture‎

A business arrangement under which two or more parties accomplish a specific task. All contractual parties agree to split the profit or loss associated with the joint venture. ‎

JPY (Japanese yen)‎

The Japanese yen (JPY) is the national currency of Japan. It was introduced in 1871. ‎

Kangaroo‎

A slang term used to designate Australian shares. ‎

KES (Kenyan shilling)‎

The Kenyan shilling (KES) is the national currency of Kenya.‎

KHR (Cambodian riel)‎

The Cambodian riel (KHR) is the national currency of Cambodia.‎

Kiwi‎

A slang term for the New Zealand dollar (NZD). It derives its name from New Zealand's national icon – the kiwi bird. ‎

KRW (Korean won)‎

The Korean won (KRW) is the national currency of Korea.‎

KWD (Kuwaiti dinar)‎

The Kuwaiti dinar (KWD) is the national currency of Kuwait. It is partially pegged to the US dollar. ‎

KYD (Cayman Islands dollar)‎

The Cayman Islands dollar (KYD) is the national currency of the Cayman Islands.‎

KZT (Kazakhstani tenge)‎

The Kazakhstani tenge (KZT) is the national currency of Kazakhstan.‎

LAK (Lao kip)‎

The Lao kip (LAK) is the national currency of Laos.‎

LBP (Lebanese pound)‎

The Lebanese pound (LBP) is the national currency of Lebanon.‎

Leverage‎

Leverage is the ratio between the amount needed to secure a position and its actual amount. For currencies at Trading 212 it is up to 1:300.‎

LIBOR (London Interbank Offered Rate)‎

The interest rate that a London-based bank uses to charge another upon lending funds. ‎

Limit order‎

An order for executing a transaction at a set price. ‎

Liquid market‎

A market with intense trading activity. It is considered safer, since investors can trade at all times. ‎

Liquidity‎

The degree to which an asset or a financial instrument can be bought or sold on the market without affecting the asset's price. ‎

LKR (Sri Lankan rupee)‎

The Sri Lankan rupee (LKR) is the national currency of Sri Lanka.‎

Long position‎

The buying of a financial instrument such as stocks, commodity, or currency pair.‎

Loonie‎

A slang term that refers to the Canadian dollar in FOREX markets. Used to set it apart from the other dollars. ‎

Lot‎

The minimum quantity of a financial instrument that can be traded. Each company determines what it should be.‎

LRD (Liberian dollar)‎

The Liberian dollar (LRD) is the national currency of Liberia.‎

LTL (Lithuanian litas)‎

The Lithuanian litas (LTL) is the national currency of Lithuania.‎

LVL (Latvian lats)‎

The Latvian lats (LVL) is the national currency of Latvia.‎

LYD (Libyan dinar)‎

The Libyan dinar (LYD) is the national currency of Libya.‎

MAD (Moroccan dirham)‎

The Moroccan dirham (MAD) is the national currency of Morocco.‎

Margin‎

The depositing of a collateral that allows trading with amounts that significantly exceed the account balance. This allows achieving a higher financial effect (leverage), hence smaller changes in the rate of the instrument (couple) traded may result in substantial changes in the account balance. ‎

Margin call‎

A broker's demand to the trader to deposit additional money or securities when the amount has reached the minimum maintenance margin. ‎

Market maker‎

A brokerage or bank that offers buy/sell rates for specific financial instruments. ‎

Market order‎

An order to purchase or sell a financial instrument at the best available current price. ‎

Mini FOREX account‎

A currency account that allows the trader to trade contract sizes of 10,000 units rather than the standard 100,000. ‎

MMK (Myanmar kyat)‎

The Myanmar kyat (MMK) is the national currency of Myanmar.‎

MNT (Mongolian tugrik)‎

The Mongolian tugrik (MNT) is the national currency of Mongolia.‎

MTL (Maltese lira)‎

The Maltese lira (MTL) was the national currency of Malta. It was replaced by the euro in 2008. ‎

MVR (Maldivian rufiyaa)‎

The Maldivian rufiyaa (MVR) is the national currency of the Maldives.‎

MXN (Mexican peso)‎

The Mexican peso (MXN) is the national currency of Mexico.‎

MYR (Malaysian ringgit)‎

The Malaysian ringgit (MYR) is the national currency of Malaysia.‎

MZM (Mozambique metical)‎

The Mozambican metical (MZM) is the national currency of Mozambique.‎

NAD (Namibian dollar)‎

The Namibian dollar (NAD) is the national currency of Namibia.‎

NAFTA (North American Free Trade Agreement)‎

NAFTA is a 1994 agreement between USA, Canada, and Mexico to ease and encourage trade between the countries. ‎

NFA (National Futures Association)‎

A US regulatory authority established in 1984. ‎

NGN (Nigerian naira)‎

The Nigerian naira (NGN) is the national currency of Nigeria.‎

NIO (Nicaraguan córdoba)‎

The Nicaraguan córdoba (NIO) is the national currency of Nicaragua.‎

NLG (Dutch guilder)‎

The Dutch guilder (NLG) was the national currency of the Netherlands. It was replaced by the euro (EUR) in 1999.‎

NOK (Norwegian krone)‎

The Norwegian krone (NOK) is the national currency of Norway.‎

NPR (Nepalеse rupee)‎

The Nepalese rupee (NPR) is the national currency of Nepal.‎

NYFE (New York Futures Exchange)‎

A New York exchange for trading treasury funds and currency futures. ‎

NYSE (New York Stock Exchange)‎

The biggest securities exchange in the world. It was established in 1792 and is located on Wall Street in New York. ‎

NZD (New Zealand dollar)‎

The New Zealand dollar (NZD) is the national currency of New Zealand.‎

OCO (One-cancels-the-other) order‎

A combination of two transaction orders, in which the fulfilment of one automatically cancels the other. ‎

Offer‎

The price at which the broker sells the financial instrument. Synonyms are: Ask, Ask Price and Ask Rate‎

OMR (Omani rial)‎

The Omani rial (OMR) is the national currency of Oman.‎

OPEC (Organization of the Petroleum Exporting Countries)‎

A group of petroleum-exporting countries which determine a common policy on petroleum export to the rest of the world. ‎

Option‎

The sellable right that gives the buyer the opportunity, but not obligation, to buy or sell a financial instrument at a given price over a given period. ‎

Order‎

The instruction given to the trader to buy or sell a financial instrument. ‎

Oscillator‎

This is a technical indicator which uses two extreme values to depict short-term price movements in terms of being overbought or oversold.‎

PAB (Panamanian balboa)‎

The Panamanian balboa (PAB) is the national currency of Panama.‎

PEN (Peruvian nuevo sol)‎

The Peruvian nuevo sol (PEN) is the national currency of Peru.‎

PGK (Papua New Guinean kina)‎

The Papua New Guinean kina (PGK) is the national currency of Papua New Guinea.‎

PHP (Philippine peso)‎

The Philippine peso (PHP) is the national currency of the Philippines.‎

Pip‎

The last digit in an exchange rate. Currency pairs are priced to four decimal places, the last of which is called ‘point’or ‘pip’. A pip equals 0.0001 of a currency’s exchange rate (with the exception of JPY rates, where the difference is 0.01). ‎

PKR (Pakistani rupee)‎

The Pakistani rupee (PKR) is the national currency of Pakistan.‎

PLN (Polish złoty)‎

The Polish złoty (PLN) is the national currency of Poland.‎

Premarket‎

Trade occurring before the opening of the regular market. ‎

Put option‎

The contract that allows its holder to sell a given amount of the financial instrument at a specified price within a specified period.‎

PYG (Paraguayan guarani)‎

The Paraguayan guarani (PYG) is the national currency of Paraguay.‎

QAR (Qatari riyal)‎

The Qatari riyal (QAR) is the national currency of Qatar.‎

Quote‎

The buy or sell rate of a given financial instrument over a given period. ‎

Range‎

The range between the highest and lowest rates of a given currency couple over a period of time. ‎

RBA (Reserve Bank of Australia)‎

The central bank of Australia.‎

Requote‎

The submission of a different quote by the broker in return to the trader’s transaction order. It happens in dynamic markets.‎

Rollover‎

Transferring a position from one day to the following. ‎

RON (Romanian new leu)‎

The Romanian new leu (RON) is the national currency of Romania.‎

RSD (Serbian dinar)‎

The Sebrian dinar (RSD) is the national currency of Serbia.‎

RUB (Russian ruble)‎

The Russian ruble (RUB) is the national currency of Russia.‎

SAR (Saudi riyal)‎

The Saudi riyal (SAR) is the national currency of Saudi Arabia.‎

SBD (Solomon Islands dollar)‎

The Solomon Islands dollar (SBD) is the national currency of the Solomon Islands.‎

SCR (Seychellois rupee)‎

The Seychellois rupee (SCR) is the national currency of the Seychelles.‎

SDD (Sudanese dinar)‎

The Sudanese dinar (SDD) is the national currency of Sudan.‎

SEK (Swedish krona)‎

The Swedish krona (SEK) is the national currency of Sweden.‎

SGD (Singapore dollar)‎

The Singapore dollar (SGD) is the national currency of Singapore.‎

Short position‎

A deal of selling a financial instrument. ‎

SIT (Slovenian tolar)‎

The Slovenian tolar (SIT) was the national currency of Slovenia. It was replaced by the euro in 2007.‎

Slippage‎

Executing the order at a rate different from the requested one. It happens in dynamic markets. ‎

Spread‎

The difference between the bid and the ask rate of a financial instrument.‎

Sterling‎

Another name used for the GBP.‎

Stock‎

Common shares from a company’s capital. ‎

Stop-loss order‎

A pending order determining the price for the purchase or sale of a given financial instrument in a direction opposite to the open position, in order to minimize the loss.‎

SVC (Salvadoran colón)‎

The Salvadoran colón (SVC) is the national currency of Salvador. It was in circulation until 2001, when it was replaced by the US dollar. ‎

Swap (Rollover)‎

The fee paid or received upon transferring a position for the next day. ‎

Swissie‎

A slang term for the Swiss franc. ‎

SYP (Syrian pound)‎

The Syrian pound (SYP) is the national currency of Syria.‎

Take-profit order‎

A pending order determining the price for buying or selling a given financial instrument in the direction of the open position, in order to make a profit. ‎

THB (Thai baht)‎

The Thai baht (THB) is the national currency of Thailand.‎

Tick‎

The minimum movement in the price of a financial instrument. ‎

TND (Tunisian dinar)‎

The Tunisian dinar (TND) is the national currency of Tunisia.‎

TRL (Turkish new lira)‎

The Turkish new lira (TRL) is the national currency of Turkey.‎

TTD (Trinidad and Tobago dollar)‎

The Trinidad and Tobago dollar (TDD) is the national currency of Trinidad and Tobago.‎

TWD (Taiwan dollar)‎

The Taiwan dollar (TWD) is the national currency of Taiwan.‎

UAH (Ukrainian hryvnia)‎

The Ukrainian hryvnia (UAH) is the national currency of Ukraine.‎

UGX (Ugandan shilling)‎

The Ugandan shilling (UGX) is the national currency of Uganda.‎

USD (United States dollar)‎

The United States dollar (USD) is the national currency of the United States of America.‎

UYU (Uruguayan peso)‎

The Uruguayan peso (UYU) is the national currency of Uruguay.‎

VEB (Venezuelan bolivar)‎

The Venezuelan bolivar (VEB) is the national currency of Venezuela.‎

VND (Vietnamese dong)‎

The Vietnamese dong (VND) is the national currency of Vietnam.‎

Volatility‎

The specific measure of the fluctuations in the rate of a given financial instrument over a given period. ‎

Wall Street‎

The name of a Manhattan Street in New York where the US financial centre is located. ‎

WTO (World Trade Organization)‎

World Trade Organization. ‎

ZAR (South African rand)‎

The South African rand (ZAR) is the national currency of South Africa.‎

ZMK (Zambian kwacha)‎

The Zambian kwacha (ZMK) is the national currency of Zambia.‎

ZWD (Zimbabwean dollar)‎

The Zimbabwean dollar (ZWD) is the national currency of Zimbabwe.‎

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Investments can fall and rise. You may get back less than you invested. Past performance is no guarantee of future results. Tax treatment depends on your individual circumstances and may be subject to change.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading 212 is a trading name of Trading 212 UK Ltd. and Trading 212 Ltd.

Trading 212 UK Ltd. is registered in England and Wales (Register number 8590005). Trading 212 UK Ltd. is authorised and regulated by the Financial Conduct Authority (Register number 609146).

Trading 212 Ltd. is registered in Bulgaria (Register number 201659500). Trading 212 Ltd. is authorised and regulated by the Financial Supervision Commission (Register number RG-03-0237).

The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Risk warning

Icons/ic_arrow_downCreated with Sketch.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.